Thursday, May 26, 2011

A slight change in the leading diagonal since last update.We are in a very important point, market is testing (trying to breach) the LTD that lasts for 9 months. The EUR/USD is also flirting with the possible neck line (see last update).If we breach down this levels market could move fast, so , if this count is correct tomorrow we must see a sell-off.

Friday, May 13, 2011

A diferent chart today. Is the weeklyAt the bottom of 2009 we had a bullish "engulfing" pattern. Now we have a bearish "piercing" line.Now we are seeing a series of bearish divergencies similar to the bullish ones in 2009, but we still need to break the 1250 level to a confirmation.

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